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5602 Adams St Tacoma, WA 98409-2617

OFF-MARKET Warehouses Google Maps
1,152 SF 0.07 ac lot Built 1979
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.22M
Range $1.10M – $1.34M (±10%)
Property ID US90-1811616

Property summary

AI-generated overview

This exceptional offering presents a unique opportunity to acquire a thriving, turnkey kitchen cabinet and countertop business situated on a prime corner lot at 5602 S Adams St, Tacoma, WA. The property includes a well-established and fully equipped business, ready for immediate operation, eliminating the need for extensive setup and allowing for a seamless transition. The sale encompasses both the real estate and the existing business, presenting a compelling investment opportunity. The strategic corner lot location ensures high visibility and accessibility, contributing to the business's success. This is an ideal acquisition for an entrepreneur seeking a profitable, established enterprise with significant growth potential. The property consists of three tax parcels: 4695001031, 4695001021, and 4695001010. Potential buyers are advised to independently verify all building and listing details with the City of Tacoma to ensure accuracy and compliance. This turnkey operation offers a rare chance to own both a profitable business and valuable real estate in a desirable Tacoma location. The asking price is $2,000,000. Serious inquiries only.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,152 SF
Lot 0.07 ac (3,000 SF)
Zoning code M1
APN 4695001010
UPID US90-1811616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Kitchen & Bath Showroom Hardware & Home Improvement
  • Kitchen & Bath Showroom Hardware & Home Improvement

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M

Owner & transaction history

since 2021
Last sale
$1.3M
7 recorded transactions
2021
Price N/A
2021
$1.3M
2016
Price N/A
2006
$600,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M1 · Tacoma, WA
Zoning description

M-1: Light Industrial District The M -1 District is intended to serve as a buffer between heavier industrial areas and less intensive commercial/residential areas of the City. The maximum building height in this district…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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